Dec 23, 2012 12:00pm PST
and that cities are key to the economy. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, we've had high-profile examples of public-private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. one reason we might want a national infrastructure bank is not for the money, but to provide oversight, you have somebody to go to when you have a project, a regulator. an interlocutor. we should alloy private money. there's an additional problem. about so-called eminent domain. you can't just clear things out in china they used to at least just knock on your door and say you're moving. we're building a road here. you got to move out of your apartment tomorrow. we can't do that. it makes it trickier in our older cities to rebuild in the way they did in china. >> it's an interesting analo
Dec 22, 2012 7:00am PST
, large sections of kansas city on both the kansas and missouri sides will be wired. >> this is salt lake what you wanted. >> exactly -- this is exactly what you guys wanted. >> exactly. we want to take advantage of the faster speeds that google fire will bring and develop. the sky's the limit. >> reporter: how high is that? even the tech wizards aren't sure. >> you know, we've been asked that question a few times. the truthful answer is we don't know yet. we have a new technology that no one else has in the nation, and it can take our business to a new height that we didn't even dream of. >> reporter: the practical effects are easier to predict. better property values, more reasons for investment for top talent to come and stay. how much impact can all of this have on your city? >> i think at the end of the day if you ask any mayor growing that small business, finding that entrepreneur, willing to take a risk in your community is going to grow jobs and ultimately the economy. >> reporter: for now, dreams are growing wild out on the silicon prairie. tom foreman, cnn, kansas city, kansas.